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July 19, 2018 1:41 PM Serba Dinamik bags RM268m Laos contract

PETALING JAYA: Serba Dinamik Holdings Bhd’s wholly owned subsidiary Serba Dinamik International Ltd (SDIL) has secured a US$66.2 million (RM268.8 million) engineering, procurement, construction and commissioning contract (EPCC) from Lao People’s Democratic Republic based Nam Taep 1, 2, 3 Hydropower Co Ltd. The EPCC contract which commences today is set to go on for up to 43 months 5

July 19, 2018 8:01 AM Stop spreading fake news on HFMD: Penang govt

GEORGE TOWN: The Penang government has denied rumours of a fatality following the spread of the hand, foot and mouth disease (HFMD). Rubbishing the rumours circulating on social media, state Health Committee chairman Dr Afif Bahardin urged netizens not to spread the unverified information. He said the situation is under control, despite an increase in the number 5

July 19, 2018 5:08 AM CIMB Thai's Q2 profit down 46.4% on higher bad debts, impairment losses

PETALING JAYA: CIMB Group Holdings Bhd's 94.11%-owned indirect subsidiary CIMB Thai Bank PCL reported a 46.4% decline in net profit to THB191.2 million (RM23.2 million) for the second quarter ended June 30, 2018 against THB356.6 million (RM43.3 million) in the previous corresponding period, mainly dragged by bad and doubtful debts and impairment losses 4

July 19, 2018 4:39 AM Guan Eng: Yes, GST more transparent, efficient

KUALA LUMPUR: The Goods and Services Tax (GST) is a much more transparent and efficient tax system compared to the Sales and Services Tax (SST), Lim Guan Eng (pix) admitted. The Finance Minister said the decision to revert to SST was because the impact on the end user was much lesser, due to a single-stage taxation, namely to the manufacturers, compared 5

July 18, 2018 4:03 PM Education policy to be reviewed: Maszlee

KUALA LUMPUR: The Education Ministry will set up a committee to review the national education policy, said its minister Dr Maszlee Malik. "The committee is tasked with reviewing the national education philosophy and policy including improving the educational curriculum and system from the preschool right up to the university level. "Encompassing civic 5

July 18, 2018 10:26 AM Consumers anxious over potential price changes due to SST

WITH sales and services tax (SST) slated for implementation on Sept 1 following the removal of the goods and services tax (GST), consumers can't wait to find out whether the prices of goods and services would go up or down next. Despite projected lower operating costs and improved cash flow with SST compared with GST, the reduction in cost would be too little 4

July 18, 2018 5:14 AM MAA cuts TIV forecast by 0.8% to 585,000 units for 2018 on concerns over SST

PETALING JAYA: The Malaysian Automotive Association (MAA) has revised downwards its total industry volume (TIV) forecast by 0.8% for 2018 to 585,000 units from 590,000 units projected earlier this year, mainly due to concerns on the reintroduction of the sales and services tax (SST). MAA president Datuk Aishah Ahmad said prices of vehicles are expected 5

July 18, 2018 4:00 AM Motor vehicle TIV rose 1.8% in the first half of 2018

PETALING JAYA: Total Industry Volume (TIV) of new motor vehicles for January-June 2018 rose 1.8% to 298,714 units from the 284,453 units recorded in the same period last year, said the Malaysian Automotive Association (MAA). President Datuk Aishah Ahmad said the higher TIV was contributed by a 2.1% increase in the passenger vehicle segment, or 5,295 units 5

July 17, 2018 3:45 PM The Finance Minister is running around in circles

Our Finance Minister,. Lim Guan Eng, does not seem to understand why there is a RM23b gap between GST and SST collections. Because zero-rating GST since last month did not see any drop in prices and some prices actually increased, imposing two new taxes – a 10% sales tax and a 6% service tax – WILL INCREASE prices for some goods and services. There will also be no reduction 6

July 17, 2018 3:32 PM Awer calls for audits of all power projects awarded from 2011 onwards

PETALING JAYA: The Association of Water and Energy Research Malaysia (Awer), which had consistently called on the Barisan Nasional government to abandon direct negotiations for power plant projects, has asked the Pakatan Harapan government to audit all approval processes and awards of power plant in KeTTHA, the Energy Commission and the Sustainable Energy 4